If you've got parents or grandparents who depend on Medicare, read it and weep:
The Obama administration’s Centers for Medicare & Medicaid Services (CMS) has issued a new report with dire news for America’s seniors. Obamacare’s smoke and mirrors budgeting gimmickry has real world consequences that will cause more than seven million seniors to lose their current Medicare coverage and could force as many as 15% of hospitals, skilled nursing facilities, and home health agencies out of participation in the Medicare system altogether.
It gets real interesting about half way down page 18, if you care to read it.
http://republicans.waysandmeans.house.gov/UploadedFiles/OACT_Memorandum_on_Financial_Impact_of_PPACA_as_Enacted.pdf
In case you missed it in the video, total health care spending during the decade is estimated to surpass $35 trillion. TRILLION. (I must remind you all that the Demonrats were full of promises of how this would come in under a trillion dollars. Swore it.)
The Administration rushes to point out that the law will decrease the federal deficit by $143 billion over the 10-year period! Wow, spend 35 TRILLION to save 143 billion. Behold the OBAMA MATH!
Oh and they're so proud that 12 million previously uninsured people will now be covered!!! For the low, low price of 35 TRILLION DOLLARS!!! Not to mention they get to rob us of our individual freedom of choice! It's a win-win for them!!
Hat Tip: Hot Air, Gateway Pundit
6 years ago
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